The EIA last week released a nice summary of planned additional U.S. pipeline capacity.
Heritage Still at the Cutting Edge
From J.D. Foster, Ph.D., “Budget Cuts Would Not Harm the Economy” (February 14, 2013):
The [basic Keynesian] theory fails because it relies on the unstated fantasy government can magically create demand out of thin air. In fact, government must borrow to finance deficits, and all borrowing subtracts from the funds that would otherwise be available and used in the private sector for private investment or private consumption. …
The Low Income Wage Bill Responsiveness to a Minimum Wage Increase
Quasi partial equilibrium algebra and a graphical analysis
Quantitative Easing, Intervention, and Currency Wars, Again
Thinking about what is driving — and will drive — the yen
Prices of gasoline and crude oil
Here I comment on some recent developments affecting the prices of WTI, Brent, and gasoline.
Sequester in the Time of ZLB
In several weeks, absent action by policymakers, the Federal government will begin implementing $85 billion worth of across-the-board cuts during FY2013 (i.e., in the months before October). [0]
Dude, where’s my cheap gas?
Those who have been told that oil production is booming may be wondering why the prices of oil and gasoline are climbing again.
Some Thoughts on the Recovery, Conditional Forecasting, and Proper Citations
More analysis from the Heritage Foundation
A Comparison of Selected Economic Indicators for Minnesota vs. Wisconsin
And assessing Walker’s “open for business” program thus far
Evolving Views on Fiscal Multipliers
Context relevant estimates suggest larger, not smaller, fiscal multipliers.